Apple orders may have lowered temporarily

Foxconn's non-consolidated revenues dropped 6.55 percent sequentially in August, amounting to about $7.39 billion US, the Asian manufacturer has announced. The company explains that while shipments of computers and communications devices remained unchanged from July, consumer electronics fell below original expectations. Industry observers contacted by Digitimes suggest that the dip may be linked to lower shipments of the iPhone 4 ahead of a new iPhone model.

Like other companies, Apple tends to let stock drop ahead of an impending product update. An new iPhone is now widely expected to ship in early to mid-October, presumably after a press event in late September. Still uncertain is whether Apple is doing a major or a minor update, and if and when it will add support for more US carriers, namely Sprint and T-Mobile.

By Electronista Staff